Do You Want to Know If Propel Capital Is Legitimate or a Scam Broker?
Propel Capital’s website may seem professional looking, but you won’t find a license or names of people who run this brokerage. It may offer forex trading and claim that you will make outsized returns, but you may not realize they will try to charge you 20% withdrawal fees when you try to claim your money. There’s no wonder this broker has been flagged by regulatory authorities.
There Are Some Problems with Propel Capital
Regulators have warned about Propel Capital and have said it’s a clone broker. This means that it takes a similar name and web design from a regulated broker. The purpose of this tactic is to fool consumers into signing up for fraud instead of a real broker. The fact it accepts only cryptocurrencies as a method of funding accounts shows that they may want to hide your money on the blockchain.
Red Flags that Propel Capital Could Be a Scam Broker
- No license
- Clone scams
- Flagged by regulators
- No transparency
- False claims
- Bad reviews
If You Need Fund Recovery from Propel Capital, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Propel Capital close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.
